Church Loans

Church financial challenges?

“I’m worried my church might fall behind on its loan payments.” That’s never a fun situation to find yourself in, but there’s always hope.

Here are some suggestions for what to do if your church finds itself in this difficult situation.

First, remember that God is in charge, knows exactly where you are and has promised to provide for your needs. It can be all too easy when difficulty arises to focus on your circumstances and take your eyes off God (remember Peter when he got out of the boat?) Remember to pray and ask God for direction in your situation.

Second, communicate. When things like this happen, we tend to turn inward and hide rather than turning outward and communicating. Talk with your pastor and staff leadership, your elders or governing board, other stakeholders and even the entire congregation.

You should also consider talking to your lender (read on for more). Most lenders only seem big and scary—but they are managed and operated by normal people like us. And from experience, we can tell you that we would much rather know of your challenging circumstances than have you miss a payment — or two or three — wondering what is happening and then contacting you to find out.

Third, create a plan. Maybe the best time to develop a plan would have been before you got in difficulty. But there is a Chinese proverb that says, “The best time to plant a tree was 20 years ago—the next best time is now.”

Things we commonly see from churches we work with include:

Times of financial challenge in churches can be difficult. But if you can get your perspective in the right place, pray, communicate and plan, you will most often find that “time is your friend.”

Given time, most churches can work through financial challenges.

And, if we can help you in any of these areas, contact us.

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